A "deactivated" sticker means an item has been reviewed and determined by Property to be no longer accountable to the inventory. Once an item has been deactivated, DLCs may dispose of these red-tagged items with no further action from Property. Consideration should be given to proper disposal practice as required. For example, equipment such as monitors may be considered hazardous. To remove deactivated equipment, please work through Facilities. If the item is still usable or may be good for parts, it is recommended that you make it available for reuse. Reuse is an informal recycling mailing list.

No. Normally the Property Office will come and tag all newly received purchased property that requires tagging within 30 days of the last invoice payment. If the equipment needs to be tagged sooner than that for reasons of risk or availability, contact Jo-Anne Chute, Property Manager, to make arrangements. She should also be contacted if, after 30 days, the equipment has not been tagged or if you have received equipment that was acquired by MIT but not purchased.

No. All computer software, whether operating systems or applications, is expensed and should be assigned 421925. The only exception is the original purchased operating system of the computer, which should be assigned either 421827 or 421818 depending on the unit cost of the main item.

Any item that will last more than a year, is operationally complete and can be identified as stand-alone is considered equipment. Purchases from the following product categories are normally considered equipment: furniture, computer, laboratory, scientific and test equipment, office and service equipment. The difference between Capital and Minor equipment is determined by cost. Computer equipment at MIT is controlled by property record beginning at a cost of $1000 or greater. All Capital equipment is controlled by a property record.

Atlas

You can access all of MIT’s financial tools from Atlas.

Atlas, MIT’s self-service and administrative systems hub, provides an entry point for accessing MIT’s financial systems and tools. The VPF website will guide you through the related transactions and provide you with information and resources you need to complete your tasks.